INSUBCONTINENT EXCLUSIVE:
Customers get a number of facilities such as debit and ATM cards and internet banking with BSBD account.State Bank of India's Basic Savings
Bank Deposit (BSBD) account, a zero balance savings account, doesn't require customers to maintain any particular minimum average balance
India on its corporate website- sbi.co.in."Anyone can open an account with SBI, irrespective of their background or economic standing! Avail
a host of benefits by opening a Basic Savings Basic Deposit account", said country's largest lender, on microblogging website -
singly, jointly, or with either or survivor, former or survivor, anyone or survivor etc
facility, said SBI on its official website -- sbi.co.in.Benefits of SBI's BSBD account:A basic RuPay ATM-cum-Debit card is issued free of
cost and no annual maintenance charge is applied
by central/ state governments is also free for holders of such account
There is no charge on activation of inoperative accounts and closure of accounts.Interest rates of SBI's Zero Balance Savings Account
(BSBD):The interest rates offered by SBI on BSBD accounts are same as those on regular savings bank accounts
For savings deposits balance up to Rs
1 crore, BSBD accounts offer an interest rate of 3.5 per cent per annum
On savings deposits balance over Rs
1 crore, BSBD account offers an interest rate of 4 per cent per annum.
